WASHINGTON (September 28, 2010) – The following is a statement from NASAA President and North Carolina Deputy Securities Administrator David Massey on today’s announcement by the Financial Industry Regulatory Authority that it plans to file a rule proposal in October to allow investors filing arbitration claims to have the option of choosing an all-public panel of arbitrators.

“This is a good day for investors and a positive step toward increasing the fairness of the FINRA securities arbitration process.”

For more information:
Bob Webster, Director of Communications
202-737-0900